Treasury adds last-minute ‘stealth tax’ on buy-to-lets
The Law Society (England and Wales) has sharply criticised HM Treasury for adding significant new clauses to the Finance Bill 2016 at the report stage without any consultation. It says clauses 75-78 regarding the taxation of buy-to-let properties, will result…
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Joshua Reynolds portrait settles £4.7 million Inheritance Tax bill for Howard family
The Howard family of Castle Howard in Yorkshire has donated a Joshua Reynolds portrait to the Tate Britain gallery to settle a £4.7 million inheritance tax bill, under the government’s Acceptance in Lieu scheme. The scheme allows taxpayers to pay…
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Can Wills be Challenged by the Disinherited?
If you leave your entire estate to charities, disinherited relatives can successfully mount a challenge to break your last will and testament. Surely not? In a 2015 case heard by the Court of Appeal, a disinherited daughter challenged her deceased…
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